The website for Electricity City noted, "Russia has been a country in which Electricity City has made substantial investments. We are one of the largest foreign companies in Russia, operating multiple businesses, including an equipment fleet with more than 1,500 large units." With physical presence in Russia, Brazil, New Zealand, France, Turkey, Nigeria, Canada, and other countries, Electricity City is an example of a multinational company.

1. True

2. False

Question

Business

Jaylyn Parker

10 August, 04:12

The website for Electricity City noted, "Russia has been a country in which Electricity City has made substantial investments. We are one of the largest foreign companies in Russia, operating multiple businesses, including an equipment fleet with more than 1,500 large units." With physical presence in Russia, Brazil, New Zealand, France, Turkey, Nigeria, Canada, and other countries, Electricity City is an example of a multinational company.

1. True

2. False

+3

Answers (1)

Know the Answer?

Mclaughlin · Answer 1

True

Explanation:

A multinational company is a company that operates internationally, by internationally I mean it operates in many countries of the world, whereby business downside in one country is counterbalanced with upside elsewhere.

Electricity City operates businesses in more than seven countries of the world in diversified business sector, hence no doubt it is a multinational company.

Business success in one jurisdiction can be used to rectify business failure in another country, hence business diversification is achieved through international operations.